Zoom Communications (ZM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.55
- Estimate
- $1.48
- Surprise
- +5.0%
- Revenue (period 2026-07-31)
- $1.28B
- Score today
- 5.8/10
Revenue source: xbrl.
How the report landed
Zoom Communications (ZM) beat the $1.48 estimate with diluted EPS of $1.55 — a clear 5.0% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ZM Buy (Wait) at 5.8/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +5.0% surprise compares with a +4.3% four-quarter average. Next scheduled report: 2026-11-24.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.2 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Thin upside margin: 8.4%
- Sector modifier (Technology): -0.8
- Weak growth
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $97.89
- Entry target
- $90.49
- Price target
- $106.42
- Stop
- $82.89
- Upside to target
- +8.7%
- Reward-to-risk
- 1.1:1
Forward estimates sit below the trailing run-rate (15.5× forward vs 8.9× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
ZM at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $28.64B
- P/E (fwd)
- 15.5
- P/E (ttm)
- 8.9
- 52-week range
- $70.70–$114.74
- Off 52-week high
- 14.7%
- RSI (14)
- 39
- Volume vs avg
- 0.72×
- Score today
- 5.8/10